Tips of Today

New York Magazine

S.Jhoanna Robledo
Dec. 19, 2005

Triple Assessment
250 East 40th Street, Apartment 44A
1,631-square-foot, two-bedroom, three-bath condo with two balconies.
Asking Price: $1.7 million.
Charges and Taxes: $2,522.
Broker: Richard Silverman, Bellmarc. This apartment has views of both the Chrysler Building and the Empire State Building, and the East River too. But is the vista enough to attract high-end buyers to an oldish, albeit full-service, building—swimming pool included!—in a rather drab section of midtown?

Avi Lasri, City Connections Realty: “The views are a big plus,” says Lasri. “The kitchen’s small, but they put in the best appliances, so in the end it’s still great.” His concern: “The built-ins add storage, but they make the rooms too claustrophobic.”
His assessment: $1.8 million.

Tamilyne Williams, Nest Seekers International: “It’s a convertible-three, but the bedrooms are small,” says Williams, adding that it has “a nice homey feeling.” She’d market it to empty-nesters who want a central location with strong amenities.
Her assessment: $1.7 million.

Harlan Goldberg, Prudential Douglas Elliman: The apartment’s been redone to a particular taste, and “some people may want to come in and tear it all down,” Goldberg says. Plus, the maintenance is high. “I’d expect $2,000-a-month at the most for a 1,600-square-foot apartment in this area.” He says he’d lowball the price to start a bidding war.
His assessment: $1.15 million.